On December 7, 2010, Jiangsu Kuangda Automobile Textile Group, Inc (“Jiangsu Kuangda”) was listed on the Shenzhen Stock Exchange under the ticker symbol 002516. Jiangsu Kuangda issued fifty million shares and raised capital of one billion yuan, mainly used in the project of importing shuttle less loom to produce high-grade automobile interior fabric and producing the colored differential fiber for decorating automobile. JC Master as issuer’s lawyer advised on Jiangsu Kunagda’s listing and rendered rigorous and professional legal services.